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British Pound gains ground above 1.3450 on US–Iran progress
The GBP/USD pair gains traction to near 1.3480 during the early Asian session on Monday. The US Dollar (USD) weakens against the British Pound (GBP) as the United States (US) and Iran signal peace progress. Trading volumes are expected to be light due to a market closure for Memorial Day in the US.
Fxstreet
Mon, May 25
Canadian Dollar edges higher vs USD; Oil slump cap gains amid Iran peace deal hopes
The USD/CAD pair kicks off the new week on a weaker note, eroding a part of Friday's strong gains to the 1.3825 region, or the highest level since April 13. Spot prices, however, lack follow-through selling and stabilize around the 1.3800 round figure amid mixed cues.
Fxstreet
Mon, May 25
Japanese Yen Edges Higher to near 159.00 as US, Iran Signal Peace Progress
The USD/JPY pair declines to near 158.90 during the early Asian session on Monday. Progress in talks between the United States (US) and Iran to bring an end to the Middle East conflict drags the US Dollar (USD) against the Japanese Yen (JPY).
Fxstreet
Mon, May 25
Japanese Yen weakens as stronger US Dollar and elevated energy prices weigh on sentiment
USD/JPY holds firm on Friday, remaining confined within this week’s trading range as traders refrain from placing aggressive bullish bets near the 160.00 handle following suspected intervention by Japanese authorities in late April.Fxstreet
Fri, May 22
Canadian Dollar weakens as US-Iran uncertainty and hawkish Fed bets support Greenback
The Canadian Dollar (CAD) remains on the defensive against the US Dollar (USD) on Friday as traders look past stronger Canadian Retail Sales figures and keep their attention on developments surrounding US-Iran negotiations.
Fxstreet
Fri, May 22
Japanese Yen: Tokyo CPI and intervention data watched – Deutsche Bank
Deutsche Bank analysts expect Japan’s Tokyo Consumer Price Index (CPI) to show a slight acceleration, with core CPI ex fresh food seen at 1.6% YoY and core-core at 2.0%. Industrial production is forecast to rise 0.2% MoM.Fxstreet
Fri, May 22
British Pound outperforms Euro despite weak UK Retail Sales data
EUR/GBP trades on the back foot on Friday and is set to end the week in negative territory, as the British Pound (GBP) outperforms most major peers despite weaker-than-expected UK Retail Sales data, while upbeat German economic data fails to provide meaningful support to the Euro (EUR).
Fxstreet
Fri, May 22
British Pound: Soft retail data and curve repricing risks – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad observes GBP/USD trading directionless near its 200-day moving average around 1.3423, with downside risks from potential United Kingdom (UK) swaps curve repricing and a possible leftward shift under a Labour government.Fxstreet
Fri, May 22
British Pound trades higher despite United Kingdom fiscal worries escalate
The British Pound (GBP) is up against its major currency peers, but is marginally down to near 1.3420 against the US Dollar (USD) during the European trading session on Friday. The British currency rises even as concerns over United Kingdom (UK) public finances have escalated.Fxstreet
Fri, May 22
Japanese Yen: Intervention risk near 160 against US Dollar – OCBC
OCBC’s Christopher Wong says USD/JPY’s recent rally is moderating as UST yields and the Dollar ease, but the pair remains elevated. The bank warns Ministry of Finance intervention risk could rise if USD/JPY breaks into the 160–161 area in thin holiday liquidity.Fxstreet
Fri, May 22
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